As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope.Consequently, the elasticity of demand for housing
A)has declined.
B)has increased.
C)has remained unchanged.
D)cannot be compared.

Question

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The Answer of As a result of a decline in interest rates and a rise in household income, the demand curve for housing has shifted to the right, but has retained the same slope.Consequently, the elasticity of demand for housing
A)has declined.
B)has increased.
C)has remained unchanged.
D)cannot be compared.

As a Result of a Decline in Interest Rates and a Rise